Stocks & Stones blog - August 6th KITS is a leading vertically integrated digital eyecare brand offering customers a vast selection of contact lenses and eyeglasses at great prices. KITS delivers made-to-order personalized products with incredible care and accuracy, disrupting the industry.
KITS pre-announced $37.5 million in estimated Q2 revenues, a 25% growth year-over-year. The exciting part is a couple of press releases around the pre-announcement, in which the company boasted record weekly sales and customer acquisition. Based on those press releases, you can extrapolate that the company is already on a $40+ million quarterly revenue run rate going into Q3, highlighting continued solid sequential growth.
Strong results, a positive outlook and perhaps some additional comments from management on the earnings call could keep KITS's momentum going.
The company will report on August 7th before the market opens.